15-year fixed mortgage rates

Find and compare the best 15-year fixed mortgage rates from lenders in your area.

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About These Rates: The lenders whose rates appear on this table are NerdWallet’s advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner’s assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

Mortgage rate trends (APR)

NerdWallet's mortgage rate insight
4.39%
15-year fixed

The average rate on a 30-year fixed-rate mortgage rose two basis points, the rate on the 15-year fixed went up one basis point and the rate on the 5/1 ARM was unchanged, according to a NerdWallet survey of daily mortgage rates published Friday by national lenders. A basis point is one one-hundredth of one percent. The average rate on the 30-year fixed is nine basis points higher than one week ago.

Mortgage rates today (APR)

Loan typeAverage
rate
Change
1 day
Change
1 year
30-year fixed4.9%
0.02%
0.9%
15-year fixed4.39%
0.01%
0.94%
5/1 ARM4.98%
0.0%
1.08%
Data source: NerdWallet Mortgage Rate Index

15-Year Fixed Mortgage Rates

NerdWallet’s mortgage rate tool can help you find competitive, 15-year fixed mortgage rates customized for your needs. Just enter some information about the type of loan you’re looking for and you’ll get a personalized rate quote in minutes, without providing any personal information. From there, you can start the process to get preapproved for your home loan and be on your way to making offers. It’s that easy.

What is a 15-year fixed-rate mortgage?

A 15-year fixed-rate mortgage maintains the same interest rate and monthly payment over the 15-year loan period. The 15 year fixed-rate mortgage allows the borrower to pay off the mortgage faster and typically has a low interest rate. But monthly payments are usually higher than with other mortgages.

When should you consider a 15-year fixed-rate mortgage?

For most buyers, the main draw of a 15-year fixed-rate loan is the low interest rates and paying off your mortgage faster. It also offers stability and peace of mind because your monthly payment won’t change no matter what happens to inflation or market interest rates. However, remember that your monthly payments will be much higher and the loan may be harder to qualify for.

Learn more about fixed-rate loans: